VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 29, 2013

Note F — Intangible Assets


Dollars in thousands	Weighted Average Amortization Period		Amortization methods	June 2013						December 2012
				Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount


Amortizable intangible assets:
Customer relationships		19 years	Accelerated	$	614,270	$	190,543	$	423,727	$	442,446
License agreements		24 years	Accelerated and straight-line		183,738		72,158		111,580		115,742
Trademarks and other		8 years	Straight-line		16,016		8,425		7,591		8,748

Amortizable intangible assets, net									542,898		566,936

Indefinite-lived intangible assets:
Trademarks and trade names									2,346,208		2,350,122

Intangible assets, net								$	2,889,106	$	2,917,058

Amortization expense for the second quarter and first six months of 2013 was $11.5 million and $23.0 million, respectively. Estimated amortization expense for the next five years is:


Year	Estimated Amortization Expense
2013	$	45.7
2014	$	44.1
2015	$	42.1
2016	$	40.8
2017	$	39.5